Texas Supreme Court

Bell Oil & Gas Company, Petitioner v. Allied Chemical Corporation, Respondent

July 17, 196811 Tex. Sup. Ct. J. 561

Summary

The Texas Supreme Court reversed the district court’s judgment against Bell Oil & Gas Company, holding that Bell is not liable for the debts of its affiliated corporations Mid‑Tex Development Company and Apollo Oil Company. The Court found no evidence that the subsidiaries were mere agents or instruments of Bell, and therefore refused to pierce the corporate veil.